Big Mac: The Taxpayer-Friendly Candidate

[GaryC 7]

Big Mac: The Taxpayer-Friendly Candidate

By Lawrence Kudlow

Sen. John McCain moved decisively to the supply-side Tuesday in a strong speech to the National Small Business Summit in Washington, D.C. For investors, small-business owner-operators, and the vast majority of middle-class Americans who go to work every day and are concerned about Sen. McCain's tax vision, this speech is good news. Big Mac is the taxpayer-friendly candidate.

The Republican candidate for president embraced low-tax-rate incentives to grow the economy, promising a combination of pro-growth tax reform and simplification along with significant spending restraint. He has called himself a foot soldier in the Reagan revolution. This tax speech clinches it.

McCain pledged to keep taxes low for families and employers, putting himself squarely in Ronald Reagan's camp and offering to extend the long prosperity wave started by the Gipper over twenty-five years ago. In contrast, McCain charged Obama -- who gave his economic speech on Monday -- with proposing the single-biggest tax hike in the entire post-WWII period.

McCain asserted that "no matter which of us wins in November, there will be change in Washington. The question is what kind of change?" Obama says a McCain victory will hand Bush a third term. McCain says an Obama victory gives Jimmy Carter a second term.

I think McCain gets it right.

Getting down to specifics, McCain said he will maintain the low income and investment tax rates put in place by President Bush. He singled out the need to keep the capital-gains tax rate at a low 15 percent, so that businesses will have the investment necessary to expand jobs, productivity, and real wages.

Completely unlike Obama, McCain is saying you can't have capitalism without capital. And he recognizes that investors must have high after-tax returns in order to take risks and fuel entrepreneurial activity. On this point, think high-risk energy technologies for clean coal, natural gas, oil shale, and nuclear and cellulosic power.

McCain repeated his plan to reduce the corporate tax rate to 25 percent from 35 percent. This could be his single-most-important tax reform. Not only will it enhance America's global competitiveness, since we have the second highest corporate tax among large countries. But a number of studies show that roughly 70 percent of the benefits from a lower corporate tax will flow to the workforce in the form of higher real wages and more jobs.

McCain also pledged to keep the estate tax low to reward family businesses. Overall, he would seek a flatter and simpler tax system, probably modeled on Rep. Paul Ryan's idea of two rates of 25 and 15 percent. McCain also discussed several middle-class tax cuts, such as doubling the child tax exemption and phasing out the alternative minimum tax. For businesses, McCain added a first-year cash-expensing provision for the write-off of new equipment and technology.

McCain coupled all this with a pledge to veto earmarks and pork-barrel spending. He held out as an example the outrageous $300 billion farm bill that drew Obama's vote. McCain would go after corporate welfare and freeze discretionary spending outside of the military. And he made an especially strong case for the free-trade policies that have been so important to U.S. economic growth.

The McCain-Obama contrast couldn't be more stark. Obama wants to use the tax system to redistribute income and wealth, not to grow the economy. He constantly talks about rewarding work over wealth. This is pure class warfare.

Obama doesn't seem to understand that our nation was founded on the principle of equality of opportunity, and that private enterprise, not government, is the main economic driver. Obama intensely dislikes businesses. He would repeal all the Bush tax cuts and raise the corporate tax.

Obama talks about the need for bottom-up economic growth. But this is a canard. He's pure top-down when it comes to big-spending government programs.

Obama singled out the ownership society, calling it a "worn dogma." In fact he misjudges modern America, which is dominated today by 100 million investors, 25 million small-business owners, nearly 70 million homeowners, and roughly 140 million people who go to work everyday in the corporate world.

Obama opposes free trade. And though he has tried to hedge his bet on this point, it will never sell in this YouTube election.

Earlier in the campaign, he became the candidate of 1970's scarcity and limits when he asserted that "we can't drive our SUVs and eat as much as we want and keep our homes on, you know, 72 degrees Fahrenheit at all times, and then just expect that every other country is going to say okay."

Ironically, it's Sen. McCain who is saying "Yes we can." We can grow. We can prosper. We can be confident about the future. He's saying that with the right economic policies, America's outlook will know no bounds.

http://www.realclearpolitics.com/articles/...friendly_c.html

[zqt3344 21]

Kudos to McCain, Viva John McCain! Hail to the new chief!

Big Mac: The Taxpayer-Friendly Candidate

By Lawrence Kudlow

Sen. John McCain moved decisively to the supply-side Tuesday in a strong speech to the National Small Business Summit in Washington, D.C. For investors, small-business owner-operators, and the vast majority of middle-class Americans who go to work every day and are concerned about Sen. McCain's tax vision, this speech is good news. Big Mac is the taxpayer-friendly candidate.

The Republican candidate for president embraced low-tax-rate incentives to grow the economy, promising a combination of pro-growth tax reform and simplification along with significant spending restraint. He has called himself a foot soldier in the Reagan revolution. This tax speech clinches it.

McCain pledged to keep taxes low for families and employers, putting himself squarely in Ronald Reagan's camp and offering to extend the long prosperity wave started by the Gipper over twenty-five years ago. In contrast, McCain charged Obama -- who gave his economic speech on Monday -- with proposing the single-biggest tax hike in the entire post-WWII period.

McCain asserted that "no matter which of us wins in November, there will be change in Washington. The question is what kind of change?" Obama says a McCain victory will hand Bush a third term. McCain says an Obama victory gives Jimmy Carter a second term.

I think McCain gets it right.

Getting down to specifics, McCain said he will maintain the low income and investment tax rates put in place by President Bush. He singled out the need to keep the capital-gains tax rate at a low 15 percent, so that businesses will have the investment necessary to expand jobs, productivity, and real wages.

Completely unlike Obama, McCain is saying you can't have capitalism without capital. And he recognizes that investors must have high after-tax returns in order to take risks and fuel entrepreneurial activity. On this point, think high-risk energy technologies for clean coal, natural gas, oil shale, and nuclear and cellulosic power.

McCain repeated his plan to reduce the corporate tax rate to 25 percent from 35 percent. This could be his single-most-important tax reform. Not only will it enhance America's global competitiveness, since we have the second highest corporate tax among large countries. But a number of studies show that roughly 70 percent of the benefits from a lower corporate tax will flow to the workforce in the form of higher real wages and more jobs.

McCain also pledged to keep the estate tax low to reward family businesses. Overall, he would seek a flatter and simpler tax system, probably modeled on Rep. Paul Ryan's idea of two rates of 25 and 15 percent. McCain also discussed several middle-class tax cuts, such as doubling the child tax exemption and phasing out the alternative minimum tax. For businesses, McCain added a first-year cash-expensing provision for the write-off of new equipment and technology.

McCain coupled all this with a pledge to veto earmarks and pork-barrel spending. He held out as an example the outrageous $300 billion farm bill that drew Obama's vote. McCain would go after corporate welfare and freeze discretionary spending outside of the military. And he made an especially strong case for the free-trade policies that have been so important to U.S. economic growth.

The McCain-Obama contrast couldn't be more stark. Obama wants to use the tax system to redistribute income and wealth, not to grow the economy. He constantly talks about rewarding work over wealth. This is pure class warfare.

Obama doesn't seem to understand that our nation was founded on the principle of equality of opportunity, and that private enterprise, not government, is the main economic driver. Obama intensely dislikes businesses. He would repeal all the Bush tax cuts and raise the corporate tax.

Obama talks about the need for bottom-up economic growth. But this is a canard. He's pure top-down when it comes to big-spending government programs.

Obama singled out the ownership society, calling it a "worn dogma." In fact he misjudges modern America, which is dominated today by 100 million investors, 25 million small-business owners, nearly 70 million homeowners, and roughly 140 million people who go to work everyday in the corporate world.

Obama opposes free trade. And though he has tried to hedge his bet on this point, it will never sell in this YouTube election.

Earlier in the campaign, he became the candidate of 1970's scarcity and limits when he asserted that "we can't drive our SUVs and eat as much as we want and keep our homes on, you know, 72 degrees Fahrenheit at all times, and then just expect that every other country is going to say okay."

Ironically, it's Sen. McCain who is saying "Yes we can." We can grow. We can prosper. We can be confident about the future. He's saying that with the right economic policies, America's outlook will know no bounds.

http://www.realclearpolitics.com/articles/...friendly_c.html

[Marc and Olga 0]

[alienlovechild 75]

Gary try putting on your liberal secret decoder hypo glasses for a moment and read the article. Here's what it looks like to them:

Big Mac is the taxpayer-friendly candidate.

Uses name of corporation notorious for obesity and low wages.

Obama says a McCain victory will hand Bush a third term. McCain says an Obama victory gives Jimmy Carter a second term.

Who's Jimmy Carter? Was he he the guy with Pinochio? No, that was Jimeny Cricket. Now I remember. He was the president after Garfield, our first feline president.

Getting down to specifics, McCain said he will maintain the low income and investment tax rates put in place by President Bush. He singled out the need to keep the capital-gains tax rate at a low 15 percent, so that businesses will have the investment necessary to expand jobs, productivity, and real wages.

Tax cut for the rich.

On this point, think high-risk energy technologies for clean coal, natural gas, oil shale, and nuclear and cellulosic power.

Green house gas alert. Wind and solar only, baby.

McCain repeated his plan to reduce the corporate tax rate to 25 percent from 35 percent. This could be his single-most-important tax reform. Not only will it enhance America's global competitiveness, since we have the second highest corporate tax among large countries. But a number of studies show that roughly 70 percent of the benefits from a lower corporate tax will flow to the workforce in the form of higher real wages and more jobs.

Tax cut for the rich. Only 70% aids the workers' wages. Capitalist pig.

McCain also pledged to keep the estate tax low to reward family businesses. Overall, he would seek a flatter and simpler tax system, probably modeled on Rep. Paul Ryan's idea of two rates of 25 and 15 percent.

Tax cut for the rich.

He held out as an example the outrageous $300 billion farm bill that drew Obama's vote.

McCain hates farmers.

Obama doesn't seem to understand that our nation was founded on the principle of equality of opportunity, and that private enterprise, not government, is the main economic driver.

No, it was founded by evil White guys who crossdressed with powdered wigs who didn't like anybody but other White crossdressers who were land owners.

Obama singled out the ownership society, calling it a "worn dogma." In fact he misjudges modern America, which is dominated today by 100 million investors, 25 million small-business owners, nearly 70 million homeowners, and roughly 140 million people who go to work everyday in the corporate world.

Capitalist tools with no real say in the boardroom.

Obama opposes free trade.

Must get those %$#@* Hilliary voters living in trailer parks and shacks who lost their jobs to Mexicans and Chinese but love their food.

Ironically, it's Sen. McCain who is saying "Yes we can." We can grow. We can prosper. We can be confident about the future. He's saying that with the right economic policies, America's outlook will know no bounds.

Without Obama were all doomed. Doomed I say. Only the Republicans can fear monger. Democrats just tell scary truths.

[almaty 19]

today’s Meet the Press, John McCain discussed why he adamantly opposed Bush’s tax cuts and then voted to extend them.

MR. RUSSERT: On tax cuts. You were on this program back in ‘03, and I asked you this…

MR. RUSSERT: …”Do you believe the president, because of the war, should be asking Americans for more sacrifice,” “should” not “hold off any future tax cuts”–”should hold off” “any future tax cuts until we have a sense of the costs of the war and the state of our economy?”

“Yes, I do. I believe that until we find out the costs of this war and the reconstruction that we should hold off…”

MR. RUSSERT: “…on tax cuts.”

You came back the next year, I again asked you about opposing the Bush tax cuts…

SEN. McCAIN: Mm-hmm.

MR. RUSSERT: …and this is what you said.

SEN. McCAIN: Mm-hmm.

(Videotape, April 11, 2004)

SEN. McCAIN: I voted against the tax cuts because of the disproportional amount that went to the wealthiest Americans. I would clearly support not extending those tax cuts in order to help address the deficit.

[GaryC 7]

I think this shows us the typical Obama voter, no clue at all. Thanks for enlightning all of us.

[almaty 19]

lol..you are grasping at straws brother gary, when i post an old bullsh!t piece as a joke..lighten up./.it is a long time to November..

[GaryC 7]

lol..you are grasping at straws brother gary, when i post an old bullsh!t piece as a joke..lighten up./.it is a long time to November..

Sorry Dean, you snuck in there. I was trying to respond to Alien. It wouldn't let me quote him because there were to many quotes. You know me brother, I never hammer you.

[one...two...tree 2,762]

I think this shows us the typical Obama voter, no clue at all. Thanks for enlightning all of us.

Gary, you're getting nastier and more insulting with your posts. What's up? Calm down a bit and try to see people beyond us against them.

[almaty 19]

lol..you are grasping at straws brother gary, when i post an old bullsh!t piece as a joke..lighten up./.it is a long time to November..

Sorry Dean, you snuck in there. I was trying to respond to Alien. It wouldn't let me quote him because there were to many quotes. You know me brother, I never hammer you.

sorry gary, i know you are sharp and see through..the bogus interview..where senator mccain ..just goes "ummm...."

[GaryC 7]

I think this shows us the typical Obama voter, no clue at all. Thanks for enlightning all of us.

Gary, you're getting nastier and more insulting with your posts. What's up? Calm down a bit and try to see people beyond us against them.

Because Obama honestly scares the hell out of me. This isn't partisan bickering. I truly feel that this country will be severly harmed if Obama and a dem congress took office. This isn't OTT fear mongering. I really believe this. Obama is a danger to America.

[HAL 9000 96]

[Mr. Big Dog 10,747]

I think this shows us the typical Obama voter, no clue at all. Thanks for enlightning all of us.

Gary, you're getting nastier and more insulting with your posts. What's up? Calm down a bit and try to see people beyond us against them.

Because Obama honestly scares the hell out of me. This isn't partisan bickering. I truly feel that this country will be severly harmed if Obama and a dem congress took office. This isn't OTT fear mongering. I really believe this. Obama is a danger to America.

And that from the guy that not only voted for Bush twice but is hell bent on effectively voting for him a third time. No President in recent history has done more damage to America than Bush. And here you talk of fear and not being OTT. You're hilarious, man.

[one...two...tree 2,762]

Gary, do you consider GW Bush a success or a failure as a President?

[alienlovechild 75]

I think this shows us the typical Obama voter, no clue at all. Thanks for enlightning all of us.

Can using liberal hypo secret decoder glasses cause eyestrain?

National health care for all and spare no expense. When we are all healthy, we're all happy. When I'm happy I want to vote for Obama as many times as I can.